July 20, 2021
1 min read

Signed 102 contracts with local vendors in last 3 years: MoD

In order to provide impetus to self-reliance in defence manufacturing as part of ‘Atmanirbhar Bharat’ initiative, two positive Indigenisation Lists have been promulgated….reports Asian Lite News

The Defence Ministry has signed 102 contracts with local vendors for capital procurement of defence equipment such as aircraft, missiles, tanks, bullet proof jackets, guns, navy vessels, radars, networks and others in last three years, Parliament was told on Monday.

In a written reply to BJP Rajya Sabha MP Sambhaji Chhatrapati, Minister of state for Defence Ajay Bhatt said in line with ‘Atmanirbhar Bharat’ initiative, it has been decided to earmark an amount of Rs 71,438.36 crore for domestic capital procurement out of the total allocation of Rs 1,11,463.21 crore for capital acquisition.

Capital procurement of defence equipment is undertaken from various domestic as well as foreign vendors, based on threat perception, operational challenges and technological changes and to keep the Armed Forces in a state of readiness.

“During last three financial years i.e. 2018-19 to 2020-21, 102 contracts have been signed with Indian vendors for capital procurement of defence equipment such as aircrafts, missiles, tanks, bullet proof jackets, guns, navy vessels, radars, networks etc,” the minister said.

In order to provide impetus to self-reliance in defence manufacturing as part of ‘Atmanirbhar Bharat’ initiative, two positive Indigenisation Lists have been promulgated.

The first Positive Indigenisation List was promulgated in August 2020, which included 101 items, and the second in May 2021, which included 108 items. The lists intend to implement the ban in a staggered manner up to December 2025.

The aim behind promulgation of the lists is to apprise the Indian defence industry about the anticipated requirements of the armed forces, so that they are better prepared to realize the goal of indigenisation.

“It provides a great opportunity for the Indian defence industry to manufacture the items in the list by using their own design and development capabilities or adopting those developed by the Defence Research and Development Organisation (DRDO), to meet the requirements of the armed forces in the coming years,” the minister said.

ALSO READ: India, France complete partnership naval exercise

Previous Story

PM resisted lockdown as only over-80s dying: Cummings

Next Story

Isolation rules eased for critical workers in UK

Latest from -Top News

Jaishankar Meets Think Tank in Russia

EAM Jaishankar’s visit comes at the invitation of Denis Manturov, the First Deputy Prime Minister of the Russian Federation….reports Asian Lite News External Affairs Minister S. Jaishankar on Wednesday met with leading

Starvation crisis deepens in Gaza

The United Nations Relief and Works Agency (UNRWA) had warned that malnutrition among children under the age of five had doubled between March and June…reports Asian Lite News Three Palestinians in Gaza

PM Modi: India poised to lead next tech wave

PM Modi underscored that the country is poised to lead the next wave of digital transformation in 5G…reports Asian Lite News Prime Minister Narendra Modi on Wednesday hailed India’s progress in expanding

‘Sky Not the Limit for India-Japan Ties’

Emphasising the civilisational ties between India and Japan, the Ambassador called the bilateral relationship a “quantum leap” in recent years…reports Asian Lite News In an exclusive interview, India’s Ambassador to Japan, Sibi
Go toTop

Don't Miss

Election Commission reviews Covid situation in poll-bound states

India on Thursday registered single-day rise of 90,928 cases, a

Singapore shuts door to Indian visitors

This move takes effect from 11.59 p.m. on Friday, and